Gasoline will hit record high price in May

April 23rd, 2014 (InsideCostaRica.com) The price for a liter of regular gasoline (“Plus”) will hit an all time high in the month of May, rising ¢29 per liter to ¢752, after an adjustment by the Regulatory Authority for Public Services (ARESEP) that is in the works.

The previous record price was reached on October 2012, when the price reached ¢748 per liter.

ARESEP spokeswoman, Angélica María Carvajal said the adjustment is the result of the dollar exchange rate. She added that while world crude oil prices are down, the price of barrels of finished fuels are volatile.

Super gasoline will also increase, rising in price by ¢17/liter, from ¢756 to ¢773.